Logo Design Project

This is what Industrial Engineering Research Group was looking for in their logo design

I am a member of a research group called "Industrial Engineering Research Group". This research group is composed of a number of engineers who are working in the field of forest industry. The main theme of the group is to apply the knowledge of Industrial Engineering to the forest related topics such as biomass and bioenergy, efficiency and productivity, sustainability etc in the forest industry
(more details could be found here: http://ierg.forestry.ubc.ca , http://faculty.forestry.ubc.ca/sowlati/Research.aspx ).
We would like to have a proper Logo for this research group. it is worth noting that since this research group is part of University of British Columbia, it usually will be used along the UBC's logo on our presentations.
I have attached one temporary logo that we are using currently and need the alternative to be an improved version of it at least. Read more